Iran News ...


12/21/10

Photos: People in Kouhdasht, Lorestan province of Iran, withdrawing cash subsidy from ATM machines

Photos by Amin Azadbakht, ISNA

Iran's economic reform plan that is aimed at overhauling the country's economy by phasing out energy and food subsidies. Under the plan which went into effect on Sunday, all subsidies are to be gradually removed during a five-year period.

The subsidy cuts plan -- encompassing key consumer goods such as gasoline, natural gas, and food -- is said to be one of the most important undertakings in Iran's recent economic history.

Before the official announcement of the plan, every family member received a sum of 810,000 rials (USD 80) in cash subsidies per month for a two-month period. These photos show the people in the town of Kouhdasht in Lorestan province withdrawing their cash subsidies from the ATM machines.





















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